November 12, 2015 / 7:35 PM / 3 years ago

What to Watch in the Day Ahead - Friday, Nov 13

(The Day Ahead is an email and PDF publication that includes the day's major stories and
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Department store operator JC Penney Co is expected to report a smaller third-quarter loss than
analysts' average estimate, according to Thomson Reuters StarMine. JC Penney is less likely to
have been hurt by the unseasonally warm weather in the quarter due to higher sales at outlets
run by beauty brand Sephora that are now present in almost half of Penney's stores. The company
has also been revamping its assortment of footwear, home and private-label items.

U.S. retail sales likely rose in October as households stepped up purchases of automobiles and a
range of other goods, adding to signs of solid momentum in the economy that could further
bolster expectations of an interest rate hike next month. A survey of economists forecast retail
sales increasing 0.3 percent last month after edging up 0.1 in September. (0830/1330) Also, the
Labor Department will release its producer price index (PPI) for October. The PPI is forecast to
have gained 0.2 percent last month after declining 0.5 percent in September. (0830/1330) The
University of Michigan's preliminary index on overall consumer sentiment is expected to have
risen to 91.5 in November from 90.0 in October. (1000/1500) The U.S. business inventories,
meanwhile, probably remained flat in September for a third straight month. (1000/1500)

Federal Reserve Bank of Cleveland President Loretta Mester, who will be a voting member of the
Fed's rate setting committee in 2016, is scheduled to speak on the economic outlook and monetary
policy before the Nelson E. Weiss Memorial Forum hosted by the City Club of Cleveland.

Bank of Canada Senior Deputy Governor Carolyn Wilkins will be giving a speech at the University
of Toronto, entitled "Innovation, Central-Bank Style".

The Economic Club of Canada holds the 4th Annual Energy Summit in Calgary, with speakers
including Kinder Morgan Canada president Ian Anderson and Alberta Energy Minister Margaret
McCuaig Boyd.

Argentina is scheduled to release October consumer inflation data. The consumer prices are
expected to have risen 1.0 percent in October versus the prior month. Meanwhile, Peru's central
bank is expected to hold the benchmark interest rate unchanged at 3.50 percent, as per a survey
of economists.

LIVECHAT - The week ahead with Reuters markets editor Mike Dolan
Join Mike Dolan as he goes through the key macroeconomic and political themes for the coming
week at 0500/1000. To join the Global Markets Forum, click here

 (Compiled By Nayyar Rasheed in Bengaluru; Editing by Maju Samuel)
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